I crunched the data on the Rarible NFT marketplace. Here are five key insights I found

[1/5] The average Rarible NFT purchase price in April was $𝟭,𝟱𝟯𝟲.

[2/5] 𝟱.𝟮% of Rarible creators have sold at least 1 NFT (𝟴𝟱,𝟳𝟵𝟭 have minted, 𝟰,𝟰𝟵𝟭 have made a sale).

[3/5] The average all-time earnings of Rarible artists who have made a sale is 𝟬.𝟲𝟴 𝗘𝗧𝗛. At today's price, that's $𝟭,𝟴𝟳𝟬 (assuming the artist hodled).

[4/5] 𝟭𝟭,𝟲𝟳𝟱 buyers have purchased an NFT on Rarible. 𝟱𝟱% of these buyers have total purchases in the 𝟬-𝟬.𝟱 𝗘𝗧𝗛 range.

[5/5] The Rarible governance token ($RARI) has a $𝟳𝟮.𝟯𝗠 market cap, and the price currently sits at $𝟭𝟵.𝟮𝟲.

I’m very interested in seeing how NFT platforms that claim to have decentralized governance as a goal expand the functionality of their governance tokens over time to meet this vision and thereby justify the value of the token.

Rarible presents submitting and voting on platform dev proposals as a key right of token holders. But Rarible’s proposal platform is currently a feedback board you can post and vote on regardless of token ownership. The governance process is off-chain. https://bit.ly/3nF5GzR 

This is in no way an indictment of Rarible. It’s still early days. I’m rooting for them to succeed in that long term goal of evolving into a DAO, and I’m excited to see how Rarible and other NFT platforms that have made similar claims transform to live up to that ideal.

Hope you found this interesting! Let me know in the comments what other questions about the Rarible marketplace you would like to have answered, and follow me for more NFT data analysis.

Also, I’d like to give a special thanks to @jpaine. He recently connected me with some amazing dev support! The technical leverage Jeff unlocked is going to be super useful in preparing future breakdowns